Retail Opportunity Investments (NASDAQ:ROIC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday.

Several other equities research analysts have also commented on the stock. BidaskClub upgraded shares of Retail Opportunity Investments from a “strong sell” rating to a “sell” rating in a report on Friday, June 15th. Zacks Investment Research lowered shares of Retail Opportunity Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 5th. Wells Fargo & Co boosted their price target on shares of Retail Opportunity Investments from $16.50 to $18.00 and gave the company a “market perform” rating in a report on Tuesday, July 31st. JPMorgan Chase & Co. lowered shares of Retail Opportunity Investments from a “neutral” rating to an “underweight” rating in a report on Friday, June 15th. Finally, BMO Capital Markets began coverage on shares of Retail Opportunity Investments in a report on Tuesday, September 18th. They issued a “hold” rating and a $20.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $19.69.

ROIC traded down $0.35 on Monday, reaching $18.25. 1,234,600 shares of the company traded hands, compared to its average volume of 1,118,831. Retail Opportunity Investments has a one year low of $16.17 and a one year high of $20.14. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.61 and a beta of 0.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.74 and a quick ratio of 3.74.

Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.23). Retail Opportunity Investments had a net margin of 13.23% and a return on equity of 2.90%. The company had revenue of $72.34 million for the quarter, compared to the consensus estimate of $73.23 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. equities analysts anticipate that Retail Opportunity Investments will post 1.16 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Brown Advisory Inc. bought a new stake in shares of Retail Opportunity Investments in the 1st quarter valued at about $188,000. Raymond James Trust N.A. purchased a new position in shares of Retail Opportunity Investments in the 2nd quarter worth approximately $195,000. OppenheimerFunds Inc. purchased a new position in shares of Retail Opportunity Investments in the 2nd quarter worth approximately $196,000. Profund Advisors LLC grew its position in shares of Retail Opportunity Investments by 25.6% in the 1st quarter. Profund Advisors LLC now owns 20,640 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 4,201 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in shares of Retail Opportunity Investments by 81.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 20,697 shares of the real estate investment trust’s stock worth $366,000 after buying an additional 9,300 shares during the last quarter.

About Retail Opportunity Investments

Retail Opportunity Investments Corp. (NASDAQ:ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of June 30, 2018, ROIC owned 92 shopping centers encompassing approximately 10.6 million square feet.

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Analyst Recommendations for Retail Opportunity Investments (NASDAQ:ROIC)

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